There has been new activity on-chain recently. An address, through a wallet transfer, suddenly poured 1.82 million ENA into a major exchange, equivalent to about 400,000 USD. At first glance, the number isn't small, but the details are the key.
Let's trace back the on-chain data: this ENA was only moved out from a team-related address the day before.
How to interpret this operation? From a chip game perspective—— ordinary transfers don't need to go through intermediary wallets, and long-term holdings wouldn't rush into CEX. The only reason to deposit into an exchange is to prepare to increase market liquidity.
What the market truly fears isn't someone selling, but this question: who is selling, and what is their motivation?
Retail investors are still watching candlestick charts, but on-chain chip signals have already given clues. Remember this— before a sharp price drop, large chips will inevitably activate first.
At this stage, holding ENA— are you aligned with the main players, or have you become the bag holder?
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CryptoTarotReader
· 2h ago
Here we go again, with this chip trick. 1.82 million coins entered the exchange, and nine out of ten are probably the main players laying the groundwork for something. Retail investors are still studying the K-line, while big players have already left.
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Ramen_Until_Rich
· 18h ago
Hmm, this move is a bit strange. The team just released the funds and the next day they hit the exchange. Not sure if they're trying to dump or have some other plan. Anyway, I don't dare to take this position.
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MetaNomad
· 18h ago
Here we go again, the old trick of the team pushing chips. 1.82 million coins into the exchange, isn't this implying something? Retail investors are still flipping K-lines, but we've already been outsmarted.
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TheShibaWhisperer
· 18h ago
Haha, 1.82 million coins are being sent to exchanges daily, this isn't just a simple sell operation... The big players are giving signals, while retail investors are still there happily watching K-line charts.
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FantasyGuardian
· 18h ago
It's the same trick again, the team dumps tokens and immediately hits the exchange? Something doesn't seem right... True holders wouldn't be so eager.
#数字资产市场动态 ENA On-chain signals a disturbance……
Main text (Chip tracking perspective)
There has been new activity on-chain recently. An address, through a wallet transfer, suddenly poured 1.82 million ENA into a major exchange, equivalent to about 400,000 USD. At first glance, the number isn't small, but the details are the key.
Let's trace back the on-chain data: this ENA was only moved out from a team-related address the day before.
How to interpret this operation? From a chip game perspective—— ordinary transfers don't need to go through intermediary wallets, and long-term holdings wouldn't rush into CEX. The only reason to deposit into an exchange is to prepare to increase market liquidity.
What the market truly fears isn't someone selling, but this question: who is selling, and what is their motivation?
Retail investors are still watching candlestick charts, but on-chain chip signals have already given clues. Remember this— before a sharp price drop, large chips will inevitably activate first.
At this stage, holding ENA— are you aligned with the main players, or have you become the bag holder?
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